Lexington Playcare Center Inc
Lexington Playcare Center: Strong Financials, High Program Spending
EIN: 222547057 · Lexington, MA · NTEE: P33Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Program Spending | 88% |
| Net Assets | $907K |
| Transparency Score | 85/100 |
Is Lexington Playcare Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lexington Playcare Center Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lexington Playcare Center Inc
Lexington Playcare Center Inc (EIN: 222547057) is a nonprofit organization based in Lexington, MA, classified under NTEE code P33Z. The organization reported total revenue of $1.8M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lexington Playcare Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lexington Playcare Center Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$430K |
| Total Assets | $1.5M |
| Total Liabilities | $613K |
| Net Assets | $907K |
| Operating Margin | 21.5% |
| Debt-to-Asset Ratio | 40.4% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2023, Lexington Playcare Center Inc reported a surplus of $430K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 40.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lexington Playcare Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | +11.8% | +141.2% |
| 2022 | +12.4% | +4.2% | +25.2% |
| 2021 | +5.9% | +3.4% | +11.9% |
| 2020 | +3.4% | +3.3% | -5.7% |
| 2019 | +2.1% | +1.5% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lexington Playcare Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Lexington Playcare Center Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $430K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.4%.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, with 'c0%' indicating no compensation for officers, directors, trustees, or key employees, which is highly favorable for donor confidence.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Lexington Playcare Center Inc:
- Consistently high program spending, with 88% of expenses dedicated to programs in 2023.
- Healthy and growing asset base, increasing from $503,230 in 2021 to $1,657,635 in 2023.
- Strong revenue growth, with revenue increasing from $1,373,626 in 2021 to $1,763,190 in 2023.
- Low administrative and fundraising costs, indicating efficient operations.
Frequently Asked Questions about Lexington Playcare Center Inc
Is Lexington Playcare Center Inc a legitimate charity?
Lexington Playcare Center Inc (EIN: 222547057) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Lexington Playcare Center Inc spend its money?
Lexington Playcare Center Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lexington Playcare Center Inc tax-deductible?
Lexington Playcare Center Inc is registered as a tax-exempt nonprofit (EIN: 222547057). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lexington Playcare Center Inc's spending goes to programs?
Lexington Playcare Center Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lexington Playcare Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lexington Playcare Center Inc is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lexington Playcare Center Inc located?
Lexington Playcare Center Inc is headquartered in Lexington, Massachusetts and files with the IRS under EIN 222547057. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Lexington Playcare Center Inc have?
Lexington Playcare Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
What does Lexington Playcare Center Inc do?
Lexington Playcare Center Inc is a nonprofit organization in the Human Services sector, located in Lexington, Massachusetts. It is classified under NTEE code P33Z.
How much revenue does Lexington Playcare Center Inc have?
Lexington Playcare Center Inc reported total revenue of $1,763,190. Based on 13 IRS 990 filings on record.
What are Lexington Playcare Center Inc's total assets?
Lexington Playcare Center Inc holds total assets of $1,657,635 as reported in IRS 990 filings.
Where is Lexington Playcare Center Inc located?
Lexington Playcare Center Inc is based in Lexington, Massachusetts.
What is Lexington Playcare Center Inc's EIN?
Lexington Playcare Center Inc's Employer Identification Number (EIN) is 222547057. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lexington Playcare Center Inc?
Lexington Playcare Center Inc is classified under NTEE code P33Z (Human Services).
Is Lexington Playcare Center Inc a registered 501(c)(3)?
Yes, Lexington Playcare Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 222547057.
Does Lexington Playcare Center Inc file IRS Form 990?
Yes, Lexington Playcare Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Lexington Playcare Center Inc's revenue in 2023?
In the 202308 filing period, Lexington Playcare Center Inc reported total revenue of $2,002,337, total expenses of $1,572,324, and net assets of $1,520,100.
Is Lexington Playcare Center Inc's revenue growing or declining?
Lexington Playcare Center Inc's revenue is growing. Revenue went from $1,544,216 (202208) to $2,002,337 (202308), a +29.7% change. Based on 13 filings on record.
What is Lexington Playcare Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lexington Playcare Center Inc covers tax period 202308. It shows revenue of $2,002,337, expenses of $1,572,324, total assets of $1,520,100, and liabilities of $613,409.
How much does Lexington Playcare Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Lexington Playcare Center Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lexington Playcare Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lexington Playcare Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Lexington Playcare Center Inc's strengths?
Positive indicators for Lexington Playcare Center Inc include: Consistently high program spending, with 88% of expenses dedicated to programs in 2023.. Healthy and growing asset base, increasing from $503,230 in 2021 to $1,657,635 in 2023.. Strong revenue growth, with revenue increasing from $1,373,626 in 2021 to $1,763,190 in 2023.. Low administrative and fundraising costs, indicating efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Lexington Playcare Center Inc compensate executives?
Executive compensation is not reported in the available filings, with 'c0%' indicating no compensation for officers, directors, trustees, or key employees, which is highly favorable for donor confidence. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the lack of reported executive compensation impact the organization's operational model and sustainability?
The absence of reported executive compensation suggests a reliance on volunteer leadership or very low-paid staff, which significantly reduces overhead. While beneficial for maximizing program spending, it could pose challenges for long-term leadership stability and professional development without a clear succession plan or competitive compensation structure for key roles.
What factors contributed to the significant increase in assets from $630,144 in 2022 to $1,657,635 in 2023?
The substantial increase in assets is primarily driven by a significant rise in 'other assets' and 'land, buildings, and equipment' as reported in the 990 filings. This could indicate major capital improvements, property acquisition, or substantial investment gains, contributing to the organization's long-term financial stability and capacity.
Filing History
IRS 990 filing history for Lexington Playcare Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lexington Playcare Center Inc's revenue has grown by 96.3%, moving from $1.0M to $2.0M. Total assets increased by 361.2% over the same period, from $330K to $1.5M. Total functional expenses rose by 57.6%, from $998K to $1.6M. In its most recent filing year (2023), Lexington Playcare Center Inc reported a surplus of $430K, with revenue exceeding expenses. The organization holds $613K in liabilities against $1.5M in assets (debt-to-asset ratio: 40.4%), resulting in net assets of $907K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.6M | $1.5M | $613K | — | View 990 |
| 2022 | $1.5M | $1.4M | $630K | $148K | — | View 990 |
| 2021 | $1.4M | $1.3M | $503K | $138K | — | View 990 |
| 2020 | $1.3M | $1.3M | $450K | $119K | — | View 990 |
| 2019 | $1.3M | $1.3M | $477K | $147K | — | View 990 |
| 2018 | $1.2M | $1.2M | $474K | $139K | — | View 990 |
| 2017 | $1.2M | $1.2M | $500K | $149K | — | View 990 |
| 2016 | $1.2M | $1.2M | $501K | $143K | — | View 990 |
| 2015 | $1.1M | $1.1M | $477K | $82K | — | View 990 |
| 2014 | $1.1M | $1.1M | $479K | $89K | — | View 990 |
| 2013 | $1.1M | $1.0M | $482K | $58K | — | View 990 |
| 2012 | $1.1M | $982K | $438K | $60K | — | View 990 |
| 2011 | $1.0M | $998K | $330K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.6M, and assets of $1.5M (revenue +29.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $630K (revenue +12.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $503K (revenue +5.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $450K (revenue +3.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $477K (revenue +2.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $474K (revenue +3.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $500K (revenue +2.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $501K (revenue +2.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $477K (revenue +4.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $479K (revenue +1.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $482K (revenue -1.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $982K, and assets of $438K (revenue +6.1% year-over-year).
- 2011: Revenue of $1.0M, expenses of $998K, and assets of $330K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lexington Playcare Center Inc:
Data Sources and Methodology
This transparency report for Lexington Playcare Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.